iam a teacher , now iam confused which MAT rate should be taken for calculation???
(18.5 % or 15 % )
please specify the reason too
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Minimum Alternative Tax ( MAT)
Replies (5)
Quick Summary
On individual assessee AMT is applicable not MAT. AMT @ 18% if net income before 10AA; 35AD And deduction under chapter VI is more than 20 lakh.
If your income is less than 20, don't worry AMT won't applicable on you.
MAT is applicable only on companies at 15%.
for filing ITR contact- jaykishanc @ gmail.com.
If your income is less than 20, don't worry AMT won't applicable on you.
MAT is applicable only on companies at 15%.
for filing ITR contact- jaykishanc @ gmail.com.
Thank you for your information
It's my pleasure sir
Sir, MAT rate 15% on book profit of company is applicable from the AY 2020- 21 right???
is this 15% applicable to all company Assessee??? Or
is there any conditions to pay 15%???
is this 15% applicable to all company Assessee??? Or
is there any conditions to pay 15%???
@ 15%
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